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Archive for the ‘Media Release’ Category

April 1, 2010: The Trinidad and Tobago Unit Trust Corporation (UTC) has again lent its support to the development of local cycling, through its $75,000 sponsorship of the Beacon Trinidad and Tobago Cycling Festival.

The UTC is the title sponsor of the new Survivor Challenge competition, which event organiser, Michael Phillips describes as “the curtain event” of the endurance races. The event will feature the largest field in the All-Star category. The Survivor prize is contested in the first or second lap of the 30-40 lap endurance race, and is the biggest prize of all. Read More

March 11, 2010: Matura Beach is one of the world’s most important nesting beaches for the critically endangered leatherback sea turtles, with over 5,000 nests per year. And with turtle nesting season officially beginning on March 1, 2010, a team from the Trinidad and Tobago Unit Trust Corporation (UTC) joined Nature Seekers and other volunteers to assist in the annual beach clean-up efforts on February 28. Read More

March 1, 2010: For the year ending December 31, 2009, customers of the Trinidad and Tobago Unit Trust Corporation (UTC) have received over TT$700 Million in distributions despite historically low interest rates and weak equity markets. Existing and new UTC customers have reciprocated and reinvested in the UTC suite of mutual funds over TTD 2.8 Billion, a record net inflow. The UTC customer base also increased by over 20,000 to stand at a current total of over 521,000. Read More

November 25, 2009:While many businesses across Trinidad and Tobago have already started trimming their Christmas trees and hanging garlands throughout their offices, the staff at the Trinidad and Tobago Unit Trust Corporation (UTC) have gone a different route with their Yuletide décor. Read More

January 19, 2010: The Trinidad and Tobago Unit Trust Corporation (UTC) has partnered with the Trinidad and Tobago Red Cross Society in their Haitian earthquake relief efforts. The “UTC Haiti Relief Fund” will accept donations from any member of the public with all funds going to the Trinidad and Tobago Red Cross Society, which continues to mobilise resources locally for the ongoing global relief effort.

November 4, 2009: The Board of Directors of the Trinidad and Tobago Unit Trust Corporation is pleased to announce the promotion of Ms. Eutrice Carrington to the post of Chief Executive Officer, Financial Services with effect from 3rd November 2009. Miss Carrington will now have direct responsibility for the Corporation’s Asset Management, Merchant Banking and Group Treasury Operations. Her promotion to the post of CEO Financial Services will allow for a more synergetic approach to the management of these key businesses to the increased benefit of customers. This promotion is in line with the Corporation’s continuing efforts to increase customers’ wealth through the provision of competitive products and services designed to meet a variety of wealth management needs.

Over 15,000 customers have joined the Trinidad and Tobago Unit Trust Corporation (UTC) so far for 2009 taking the Corporation’s total number of customers to just over 514,500 customers as at October 15, 2009. “The growth in our customer base speaks to the continued confidence investors have in our products and our team,” said Executive Director Marlon Holder. As the Corporation approaches its’ 28th anniversary in November, customers will soon enjoy even greater customer convenience as UTC embraces technology to bring services closer to customers. Read More

The Trinidad and Tobago Unit Trust Corporation (UTC) has surpassed another impressive milestone. On October 9, 2009, the Market Value of UTC’s TT Dollar Income Fund crossed TT 10 Billion dollars. The TT Dollar Income Fund is the Corporation’s fastest growing product and has over 428,960 customers. The UTC TT Dollar Income Fund is the nation’s largest TT dollar denominated Income Fund. Read More

Can you describe the intrinsic impact the celebration of Divali has on Trinbago culture? Young Shehnaaz Salim captured this “inner light” in the art piece “Dancing to the Sound of Light” that captured the first prize in the 2009 UTC Divali Art Competition (Secondary School Category). Salim, student of the Chaguanas North Secondary School won $2500 in UTC TT $ Income Fund Units and also won TT$2,000 for the purchase of art supplies for his school. Read More

Bouncy castles, face painting, games of cricket and basketball being enjoyed while the scents of chicken bar-b-cue being prepared by caring hands fill the air. This was the experience enjoyed by the children of the St. Mary’s Children’s Home on October 3, when staff of the Trinidad and Tobago Unit Trust Corporation came together to host a “Fun Day” for the children. Read More